Australian funds crave globally recognised responsible investing standards as increasing numbers seek to adhere to environmental, social and governance principals, says AXA Investment Managers.
“Our Australian clients, like their global counterparts, are concerned more than ever about investing in companies that have exemplary corporate governance and take into account social and environmental factors,” said Craig Hurt, director of AXA Investment Managers in Australia and New Zealand, in a statement.
Globally about US$11 trillion is invested along responsible investing principals. That is up from about US$3.6 trillion in 2006, says AXA Investment Managers citing Eurosif, a researcher that tracks responsible investing.
AXA Investment Managers has a research team who integrate environmental, social and governance factors into their work. In 2007 they introduced a responsible investing search tool that allowed AXA Investment Managers to integrate environmental, social and governance criteria into their investment processes.
The company plans to develop measures to analyse corporate governance, water usage in addition to its carbon footprint assessment.
For more news on superannuation and fund management remember to visit I&T News regularly.